Fossil Energy
Borders & Southern Completes South Falkland Basin Seismic Work
Borders & Southern, the London based independent oil and gas exploration company, provides an update on its activities in the South Falkland Basin. The PGS vessel Ramform Challenger has completed the Company’s 3D seismic programme in the South Falkland Basin offshore the Falkland Islands. It acquire
Wood Group PSN Secures $150 Mln North Sea Contract from Total
Wood Group PSN (WGPSN) has secured a significant two year North Sea contract extension with TOTAL E&P UK Ltd (TOTAL). Based on historical turnover, the award is anticipated to be valued at USD $150 million. Under the contract, WGPSN will continue to provide engineering, procurement, construction and
Subsea 7 Bags 5-year Deal in Brazil for Its Kommandor 3000 Vessel
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract worth in excess of U$350 million from Petrobras. The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Kommandor 3000 on a day rate basis for five years. Kommandor 3000 will start operations under the contract
Ensco Orders Jack-Up Rig from Keppel in Singapore
U.S. drilling contractor, Ensco plc has ordered a new premium jack-up rig for delivery in early 2015. ENSCO 110, based on the Keppel FELS B Class Bigfoot design, will be constructed under a fixed-price contract with Keppel FELS Limited (KFELS) in Singapore. Including commissioning, systems integrati
FMC Technologies Wins Tyrihans Contract (Norway)
FMC Technologies, Inc. announced today that it has received an order from Statoil for additional subsea equipment for the Tyrihans field. The order has an estimated value of $47 million in revenue. The Tyrihans field is located in the Norwegian Sea in water depths of 984 feet (300 meters). This orde
Statoil, Socar Sign MoU for Exploration and Development of Zafar-Mashal Block
Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The agreement was signed in Baku, by Rovnag Abdullayev, President and CEO o
McDermott Lands $900 Million Worth of Contracts in Arabian Gulf
McDermott International, Inc. announced today that one of its subsidiaries has been awarded two projects for a customer in the Arabian Gulf. The value of these contracts is approximately US$900 million and is included in McDermott’s first quarter 2013 backlog. The first project includes engineering,
Inocean CEO Presents Dalian Developer at Singapore’s Offshore Drilling Rigs Event
Jon Erik Borgen, CEO of Inocean, is one of the speakers at the 5th Annual Offshore Drilling Rigs Conference in Singapore. The conference takes place 8-11 April. Borgen will open day 2 with his presentation of Dalian Developer – “The World’s Largest Ultra-Deepwater Drillship with a Unique Design for
Diavaz Extends Atlantic Challenger Contract (Mexico)
Norway’s DeepOcean has been awarded a 20 months extension of the Atlantic Challenger contract with offshore contractor Constructora Subacuatica Diavaz, S.A. de C.V. (Diavaz), in Mexico. DeepOcean was awarded the existing contract in 2011 and the Atlantic Challenger has been working in Mexican waters
GE to Buy Lufkin Industries for $3.3 Billion (USA)
GE and Lufkin Industries Inc. announced today a joint agreement whereby GE will acquire Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, for approximately $3.3 billion. Lufkin shareholders will receive $88
Far Strider Leaves North Sea for Brazil
Brazil’s state-run oil and gas company Petrobras, has charter a Platform Supply Vessel from Norway’s Farstad Shipping. The vessel, Far Strider, built in 1999, has been awarded a four year contract with a four year option in Brazil by Petrobras. The 82.85m long ship, able to accommodate a crew of 22
Cap Energy Completes Acquisition of Guinea Bissau Blocks
Cap Energy Limited, a company focused on upstream oil and gas exploration in sub-Saharan Africa, has completed its acquisition of a majority shareholding in Sphere Petroleum Corporation. Sphere BVI holds interests in two offshore Guinea Bissau oil and gas exploration licences. The additional conside
Subsea 7 Extends Skandi Seven Contract
Subsea 7 has extended the contract for Skandi Seven with one year from April 2013. Skandi Seven is a contruction and flexlay vessel, capable of operating in water depths up to 3,000 meters. The 2008 built vessel is equipped with a 250 mt crane and 2 ROVs. DOF Subsea owns a large fleet of modern [&he
Santos Pulls Winchester Trigger (Australia)
Santos Offshore Pty Ltd, the Operator of the Winchester-1 well located in the Dampier Sub-basin permit WA-323-P, off W. Australia has spudded the well at 23:00 hours yesterday, Sunday, 7 April 2013. Winchester-1 is proposed as a deviated exploration well, being drilled by the Ensco-109 jack-up rig w